In 2022, the Islamic banking sector in Morocco held a two percent market share by total assets, falling behind other North African countries. Tunisia had the highest market share with 5.1 percent. It was followed by Egypt at four percent, and Algeria at 2.4 percent. This relatively low share is attributed to the sector's inception in Morocco in 2017. The Moroccan authorities aimed to increase this share to five percent by 2024.
Market share of the Islamic banking sector in North Africa in 2022, by total assets
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Fitch Ratings. (March 14, 2023). Market share of the Islamic banking sector in North Africa in 2022, by total assets [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1541547/islamic-banks-market-share-in-north-africa-by-total-assets/
Fitch Ratings. "Market share of the Islamic banking sector in North Africa in 2022, by total assets." Chart. March 14, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1541547/islamic-banks-market-share-in-north-africa-by-total-assets/
Fitch Ratings. (2023). Market share of the Islamic banking sector in North Africa in 2022, by total assets. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1541547/islamic-banks-market-share-in-north-africa-by-total-assets/
Fitch Ratings. "Market Share of The Islamic Banking Sector in North Africa in 2022, by Total Assets." Statista, Statista Inc., 14 Mar 2023, https://www.statista.com/statistics/1541547/islamic-banks-market-share-in-north-africa-by-total-assets/
Fitch Ratings, Market share of the Islamic banking sector in North Africa in 2022, by total assets Statista, https://www.statista.com/statistics/1541547/islamic-banks-market-share-in-north-africa-by-total-assets/ (last visited December 21, 2024)
Market share of the Islamic banking sector in North Africa in 2022, by total assets [Graph], Fitch Ratings, March 14, 2023. [Online]. Available: https://www.statista.com/statistics/1541547/islamic-banks-market-share-in-north-africa-by-total-assets/
